- DXY at 102.926, 19-month high 103.083
The dollar is likely to stay elevated as markets fully price in at least a 25bp rate increase at the Fed's December 10 meeting, with a 9% chance of a 50bp move, according to Convera. The DXY index trades flat at 102.926 after hitting a 19-month high of 103.083 overnight. Recent stronger-than-expected jobs and inflation data have driven the shift in expectations.
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